Canary Capital confirmed it will launch the Canary Staked TRX ETF today, Sept 9, on Cboe BZX under ticker TRXS — the first U.S. ETF combining spot TRX exposure with on-chain staking. The fund carries a 1.10% management fee and expects to stake about 90% of TRX. This is listing-day framing ahead of the U.S. cash open.
Canary Capital confirmed it will launch the Canary Staked TRX ETF on 9 September 2026 on Cboe BZX under the ticker TRXS.
It is framed here as a listing-day launch. U.S. cash equities are still ahead of the open — this note is not an already-trading session print.
TRXS is the first U.S. regulated product that combines spot TRX exposure with on-chain staking rewards via TRON’s proof-of-stake process.
The prospectus stamps a 1.10% management fee. Under normal conditions Canary expects to stake about 90% of TRX. Aggregate staking fees are expected at 20% of TRX staking rewards, so the trust retains 80% of those rewards.
Canary Capital Group plans a seed purchase of 10,000 shares at $25 per share to launch the fund.
TRON was trading around $0.339, up almost 1.50% over the past 24 hours — a pre-listing tape move, not a confirmation of TRXS secondary trading.
Informational only. Not trading advice, signals, or a guarantee of any market outcome.
Written and fact-checked with AI assistance, reviewed by a human editor before publication.
No comments yet. Be the first to share your view.
India’s Financial Intelligence Unit has issued AML non-compliance notices to 15 offshore crypto platforms for serving Indian customers without FIU registration. Further action under the Prevention of Money Laundering Act is possible. The finance ministry also sought takedown of related apps and URLs under IT law.
Iran eases FX controls so businesses can settle cross-border trade in Bitcoin and USDT via domestic exchanges. Exporters can repatriate earnings without first converting through the state FX system; the rial is above 2 million per dollar.
Strive Inc 8-K: bought 1,375 bitcoin Aug 31–Sep 4 at about $79,281; holdings rise to 24,531 BTC. Cash to $202.6M; SATA shares up; STRC held flat at 505,000.